Category: pensions & retirement & savings & Uncategorized
Following publication of the Office of National Statistics (ONS) latest âPension Trends: Private Pensions 2013Ⲡpublication, which reported that the number of active members of occupational pension schemes has reached its lowest level since the 1950s, Scottish Widows is warning that the UK is heading for a âperfect stormâ of rising expectations for retirement.
Category: savings & Uncategorized
People are changing their financial behaviours and developing more positive money habits to manage their money. This is evidenced in the findings of a major new study published in August 2013 by the Money Advice Service (MAS). However, the report also reveals that half of UK adults struggle to keep up with their bills and credit commitments. This figure is up from one in three in 2006.
Category: savings & Uncategorized
We are all being encouraged to save for our futures, while at the same time many of us feel discouraged by low interest rates and returns on our savings. Critically, many of us see the value of our savings over time, just not keeping up with inflation â we feel that what we put away shrinks in real terms, rather than growing. Whatâs the point in saving for something that will actually turn out to cost more later on â why not buy now?
Category: pensions & savings & Uncategorized
Prudentialâs Class of 2013 research, the latest of its annual studies into the financial plans and expectations of people planning to retire in the next year, has for the first time looked at the impact of divorce on retirement finances.
Category: pensions & savings & Uncategorized
Figures released by the Office of National Statistics (ONS) in June 2013 show that there are now more than one million over 65s continuing to work and earn after passing their anticipated point of retirement. This is the highest number since the ONS started collating this data in 1971.
Category: isas & savings & Uncategorized
Since Child Trust Funds (CTFs) were phased out in 2011, parents and the savings industry have lobbied the government to allow the money held in them to be transferred into the Junior ISAs that superseded them. The ISA market is seen as having far more choice and, where the money is held in a savings account, often offers better rates.
